Coldwell Banker – Egypt uncovers its target to achieve contractual sales for developers and individuals with a value of up to EGP 50 bn until 2028, 22% of these sales are to Egyptians working abroad and foreigners, in cooperation with Bayt Misr Company, Invest-Gate reports.

Karim Zain, CEO of Coldwell Banker – Egypt, says that this contract comes within the framework of a plan to provide services in many significant sectors and achieve economic goals. These economic goals aim to expand the real estate financing system, which will reflect positively on the real estate market overall.

“Bayt Misr will have the opportunity through our partners to spread its ideas and services towards growing the real estate financing system,”Zain states. Further, Coldwell Banker – Egypt aims to facilitate purchasing units through real estate financing operations.

Additionally, Zain stresses that there are many plans that the company seeks to implement in the coming period, including increasing external exhibitions, to attract new customers to the Egyptian market.

On the other hand, Tarek Elghamrawy, co-founder and CEO of Bayt Misr, clarifies that the partnership with Coldwell Banker aims to facilitate real estate purchases for customers and facilitate the search and purchase process online. This partnership also facilitates the financing provided to the customer on the housing unit, whether from banks or companies that donate the real estate finance.

Elghamrawy comments that the company has a website, which enables customers to get financing and own the unit within seven days only. This process requires that all essential papers are available, which are determined after choosing the unit and the payment period.